Question

An electric supply company raises its charge by 20% and s year later increases the new charges by 20%. If the total increase has been made all at once, to what percentage would it have been equialent.

Answer 1

let total price= 100
after 1st 20% rises the price will be 120
again price increase 20%
thefore the price rises = 120*120/100 substraction 100
= 144 substraction 100
=44

Answer 2

60% is the right answer.

Benefit and Loss issues are straightforwardly important for selection tests (like GMAT, GRE, CAT), as well as for the MBA syllabus like Accounting, Financial Statements and the sky is the limit from there.

Markdown or Rebate: This is the diminishment in cost offered on the checked or recorded cost.